BIDU on Nasdaq

Baidu

Logo: CoreUI, CC BY 4.0, via Wikimedia Commons5

Chinese internet services company

Baidu, Inc. ( BY-doo; Chinese: 百度; pinyin: Bǎidù; lit.3 From Wikipedia, CC BY-SA 4.0

$82.59 up 0.73 (0.89%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

$18.5BRevenue, fiscal 20256
$799.0MNet income, fiscal 20256
Jan 2000Founded1

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  • TickerBIDU on Nasdaq1
  • IndustryInternet1
  • HeadquartersBeijing1
  • Websitewww.baidu.com
  • Listed onHong Kong Stock Exchange (9888), Nasdaq (BIDU)1
  • Incorporated inCayman Islands7
  • Business addressBaidu Campus, No. 10 Shangdi 10Th Street, Haidian District, Beijing, 1000857
  • Filer categoryLarge accelerated filer7
Baidu Technology Park at ZPark Phase II (20220502113650)
Photo: N509FZ, CC BY-SA 4.0, via Wikimedia Commons9

Baidu, Inc. ( BY-doo; Chinese: 百度; pinyin: Bǎidù; lit. 'hundred times') is a Chinese multinational technology company specializing in Internet services and artificial intelligence. It holds a dominant position in China's search engine market (via Baidu Search), and provides a wide variety of other internet services such as Baidu App (Baidu's flagship app for search and newsfeed), Baidu Baike (an online user created Wikipedia-like encyclopedia), iQIYI (a video streaming service), Baidu Tieba (a forum platform similar to Reddit), and ES File Explorer.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-4.5%Operating margin6
4.3%Net margin6
1.2%Revenue growth, 20256
2.1%Return on equity6
0.16×Debt to equity6
-$2.2BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Online Marketing Services brought in 53% of the revenue Baidu broke down this way in fiscal 2025.

  1. Online Marketing Services67.8B CNY653%down 14% from 2024
  2. Other Revenue Other61.2B CNY647%up 12% from 2024
Products and services by year
Products and services202320242025
Online Marketing Services81.2B CNY78.6B CNY67.8B CNY
Other Revenue Other53.4B CNY54.6B CNY61.2B CNY

Business segments

Baidu Core Business brought in 79% of the revenue Baidu broke down this way in fiscal 2025.

  1. Baidu Core Business102.5B CNY679%down 2% from 2024
  2. iQIYI27.3B CNY621%down 7% from 2024
Business segments by year
Business segments202320242025
Baidu Core Business103.5B CNY104.7B CNY102.5B CNY
iQIYI31.9B CNY29.2B CNY27.3B CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue56¢$10.4B
  • Research and development16¢$2.9B
  • Selling, general and admin20¢$3.7B
  • Other costs3¢$503.0M
  • Income tax1¢$180.0M
  • Profit4¢$799.0M

Out of $18.5B in revenue.6

Financial statements

Revenue101112131415166$18.5B in 2025+24% since 2018
0$5.0B$10.0B$15.0B$20.0B2018: $14.9B$14.9B20182019: $15.4B$15.4B2019+4%2020: $16.4B$16.4B2020+6%2021: $19.5B$19.5B2021+19%2022: $17.9B$17.9B2022−8%2023: $19.0B$19.0B2023+6%2024: $18.2B$18.2B2024−4%2025: $18.5B$18.5B2025+1%
Operating income101112131415166-$833.0M in 2025
-$1.0B0$1.0B$2.0B$3.0B$4.0B2018: $2.3B$2.3B20182019: $906.0M$906.0M2019−60%2020: $2.2B$2.2B2020+143%2021: $1.7B$1.7B2021−25%2022: $2.3B$2.3B2022+40%2023: $3.1B$3.1B2023+33%2024: $2.9B$2.9B2024−5%2025: -$833.0M-$833.0M2025
Net income101112131415166$799.0M in 2025−80% since 2018
0$2.0B$4.0B$6.0B2018: $4.0B$4.0B20182019: $296.0M$296.0M2019−93%2020: $3.4B$3.4B2020+1064%2021: $1.6B$1.6B2021−53%2022: $1.1B$1.1B2022−32%2023: $2.9B$2.9B2023+161%2024: $3.3B$3.3B2024+14%2025: $799.0M$799.0M2025−75%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-312023-12-31
Revenue129.1B CNY133.1B CNY134.6B CNY
Cost of revenue72.4B CNY66.1B CNY65.0B CNY
Selling, general and administrative25.8B CNY23.6B CNY23.5B CNY
Research and development20.4B CNY22.1B CNY24.2B CNY
Impairment of long-lived assets16.2B CNY0 CNY0 CNY
Total costs and expenses134.9B CNY111.9B CNY112.7B CNY
Operating income (loss)-5.8B CNY21.3B CNY21.9B CNY
Interest income8.6B CNY8.0B CNY8.0B CNY
Interest expense-2.8B CNY-2.8B CNY-3.2B CNY
Foreign exchange gain (loss), net-2.2B CNY1.1B CNY595.0M CNY
Share of earnings (losses) from equity method investments3.2B CNY-691.0M CNY-3.8B CNY
Others, net5.8B CNY1.8B CNY1.8B CNY
Total other income, net12.5B CNY7.4B CNY3.3B CNY
Income before income taxes6.7B CNY28.6B CNY25.2B CNY
Income tax expense1.3B CNY4.4B CNY3.6B CNY
Net income5.5B CNY24.2B CNY21.5B CNY
Less: net income (loss) attributable to noncontrolling interests-132.0M CNY415.0M CNY1.2B CNY
Net income attributable to Baidu, Inc.5.6B CNY23.8B CNY20.3B CNY
Foreign currency translation adjustments624.0M CNY-766.0M CNY-913.0M CNY
Unrealized gains (losses) on available-for-sale investments, net of reclassification-96.0M CNY174.0M CNY-201.0M CNY
Unrealized losses on derivatives-511.0M CNY-387.0M CNY-422.0M CNY
Other comprehensive income (loss), net of tax17.0M CNY-979.0M CNY-1.5B CNY
Comprehensive income5.5B CNY23.2B CNY20.0B CNY
Less: comprehensive income (loss) attributable to noncontrolling interests-268.0M CNY344.0M CNY1.1B CNY
Comprehensive income attributable to Baidu, Inc.5.7B CNY22.9B CNY18.9B CNY

Compare Baidu with another company

The story

Founded by Robin Li on Jan 2000.1

Early development

In 1994, Robin Li (Pinyin: Lǐ Yànhóng, Chinese: 李彦宏) joined IDD Information Services, a New Jersey division of Dow Jones and Company, where he helped develop software for the online edition of The Wall Street Journal. He also worked on developing better algorithms for search engines and remained at IDD Information Services from May 1994 to June 1997.

In 1996, while at IDD, Li developed the RankDex site-scoring algorithm for search engines results page ranking and received a US patent for the technology. Launched in 1996, RankDex was the first search engine that used hyperlinks to measure the quality of websites it was indexing. Li referred to his search mechanism as "link analysis," which involved ranking the popularity of a web site based on how many other sites had linked to it. It predated the similar PageRank algorithm used by Google two years later in 1998; Google founder Larry Page referenced Li's work as a citation in some of his U.S. patents for PageRank. Li later used his RankDex technology for the Baidu search engine.

Baidu was incorporated on 18 January 2000 by Robin Li and Eric Xu. In 2001, Baidu allowed advertisers to bid for ad space then pay Baidu every time a customer clicked on an ad, predating Google's approach to advertising. In 2003, Baidu launched a news search engine and picture search engine, adopting a special identification technology capable of identifying and grouping the articles.

2005: Public Listing on NASDAQ

Baidu went public on Wall Street through a variable interest entity (VIE) based in the Cayman Islands on 5 August 2005. In 2007, Chinese government and Chinese industry sources stated that Baidu received a license from Beijing, which allows the search engine to become a full-fledged news website. Thus Baidu is able to provide its own reports, besides showing certain results as a search engine. Baidu was the first Chinese search engine to receive such a license. Baidu started its Japanese language search service, run by Baidu Japan, the company's first regular service outside of China in 2008. The Japanese search engine closed on 16 March 2015.

On 31 July 2012, Baidu announced that it would team up with Sina to provide mobile search results. On 18 November 2012, Baidu announced that it would be partnering with Qualcomm to offer free cloud storage to Android users with Snapdragon processors. On 2 August 2013, Baidu launched its Personal Assistant app, designed to help CEOs, managers and the white-collar workers manage their business relationships. On 16 May 2014, Baidu appointed Andrew Ng as chief scientist. Ng will lead Baidu Research in Silicon Valley and Beijing. On 18 July 2014, the company launched a Brazilian version of the search engine, Baidu Busca. On 9 October 2014, Baidu announced acquisition of Brazilian local e-commerce site Peixe Urbano.

2017: Launch of Autonomous Driving Business

In April 2017, Baidu announced the launch of its Apollo project (Apolong), a self-driving vehicle platform, in a bid to help drive the development of autonomous cars including vehicle platform, hardware platform, open-source software platform and cloud data services. Baidu plans to launch this project in July 2017, before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020. In September 2017, Baidu launched a $1.5billion autonomous driving fund to invest in as many as 100 autonomous driving projects over the ensuing three years. At the same time, Apollo open-source software version 1.5 was also launched.

In June 2017, Baidu partnered with Continental and Bosch, auto industry suppliers, on automated driving and connected cars. In July 2017, Baidu GBU entered into a partnership with Snap Inc. to act as the company's official ad reseller for Snapchat in Greater China, South Korea, Japan and Singapore. The partnership was extended in 2019.

In September 2017, Baidu rolled out a new portable talking translator that can listen and speak in several different languages. Smaller than a typical smartphone, the 140-gram translation device can also be used as a portable Wi-Fi router and is able to operate on networks in 80 countries. It is still under development. Baidu will also be inserting artificial intelligence (AI) technology into smartphones, through its deep learning platform. At the same period, it has also led a joint investment of US$12billion with Alibaba Group, Tencent, JD.com and Didi Chuxing, acquiring 35% of China Unicom's stakes.

Read the full text

In October 2017, according to The Wall Street Journal, Baidu would launch self-driving buses in China in 2018. In the same month, Baidu announced that its first annual Baidu World technology conference (Bring AI to Life) would be held and live-streamed on 16 November 2017, at China World Summit Wing and Kerry Hotel, bringing together Baidu executives, employees, partners, developers, and media to discuss the company's mission and strategy, technology breakthroughs, new product developments, and its open artificial-intelligence (AI) ecosystem. China's government designated Baidu as one of its "AI champions" in 2018.

In 2018, Baidu divested the "Global DU business" portion of its overseas business, which developed a series of utility apps including ES File Explorer, DU Caller, Mobojoy, Photo Wonder and DU Recorder, etc. This business now operates independently of Baidu under the name DO Global.

2021: Hong Kong Secondary Listing

In March 2021, Baidu secured a secondary listing on the Hong Kong Stock Exchange, raising $3.1 billion. This marked the largest homecoming for a U.S.-traded Chinese company in Hong Kong since JD.com's listing the previous June.

In August 2021 Baidu revealed a new Robocar concept said to be capable of Level 5 autonomous driving. It also comes with the latest second-generation AI chip that can analyse the internal and external surroundings to provide predictive suggestions to proactively serve the needs of passengers.

In June 2022, Jidu Auto, an intelligent electric vehicle company originally backed by Baidu and Geely unveiled its first concept ROBO-01 in the form of a pre-production vehicle. The ROBO-01 rides on the Sustainable Experience Architecture (SEA) platform, a modular electric vehicle platform developed by Geely Holding.

In August 2023, Baidu publicly unveiled Ernie Bot, its large language model chatbot. In October 2023, Baidu released a newer version Ernie 4.0 chatbot. In September 2023, the search engine launched a chatbot based on its generative AI model, GenAI Ernie.

In January 2026, Baidu filed a listing application on the Hong Kong Stock Exchange for their semiconductor unit, Kunlunxin.

Robotaxi

As of April 2024, Apollo Go, Baidu's autonomous ride-hailing service, had completed six million rides using driverless robotaxis across 11 cities. The service operates a fleet of over 400 driverless vehicles in Wuhan.

In July 2025, Baidu announced its partnership with Uber, allowing it to deploy the Apollo Go outside the U.S. and mainland China.

Domain name redirection attack

On 12 January 2010, Baidu.com's DNS records in the United States were altered such that browsers to baidu.com were redirected to a website purporting to be the Iranian Cyber Army, thought to be behind the attack on Twitter during the 2009 Iranian election protests, making the proper site unusable for four hours. Internet users were met with a page saying "This site has been attacked by Iranian Cyber Army". Chinese hackers responded by attacking Iranian websites and leaving messages.

Baidu later launched legal action against Register.com for gross negligence after it was revealed that Register.com's technical support staff changed the email address for Baidu.com on the request of an unnamed individual, despite failing security verification procedures. Once the address had been changed, the individual was able to use the forgotten password feature to have Baidu's domain passwords sent directly to them, allowing them to accomplish the domain hijacking. The lawsuit was settled out of court under undisclosed terms after Register.com issued an apology.

Acquisitions

On 16 July 2013, Baidu announced its intention to purchase 91 Wireless from NetDragon. 91 Wireless is best known for its app store, but it has been reported that the app store faces privacy and other legal issues. On 14 August 2013, Baidu announced that its wholly owned subsidiary Baidu (Hong Kong) Limited has signed a definitive merger agreement to acquire 91 Wireless Web-soft Limited from NetDragon Web-soft Inc. for $1.85 billion in what was reported to be the biggest deal ever in China's IT sector.

Also in 2013, Baidu acquired Zongheng to establish Baidu Literature.

2024: Artificial Intelligence Launch

On 16 March 2025, Baidu released two new artificial intelligence models: ERNIE 4.5, a foundation model, and ERNIE X1, a reasoning model. Baidu claimed that ERNIE X1 performs comparably to DeepSeek's R1 model at half the price.

From Wikipedia’s article on Baidu, shared under CC BY-SA 4.0.8

Leadership

Who has led Baidu, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)
  • Chief operating officerQi Lu Jan 16, 2017 to now1

Products and brands

  • search engine
  • software

Listed on Wikidata.1

Baidu has started to invest in deep learning research and is integrating new deep learning technology into some of its apps and products, including Phoenix Nest. Phoenix Nest is Baidu's ad-bidding platform.

In April 2012 Baidu JDC long live applied for a patent for its "DNA copyright recognition" technology. This technology automatically scans files that are uploaded by Internet users, and recognizes and filters out content that may violate copyright law. This allows Baidu to offer an infringement-free platform.

In April 2022, Baidu announced they gained permits from China to provide the first driverless taxis. The company aim to provide driverless ride-hailing services to the public and have 10 autonomous cars set to begin offering rides to passengers within a 23-square-mile area in suburban begin beginning 28 April 2022.

In July 2022, Baidu unveiled the Apollo RT6, a driverless vehicle that is planned to join Baidu's driverless fleet in 2023.

From Wikipedia’s article on Baidu, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

  • BAIDU USA
  • Jidu Auto
  • Qimao Novels
  • iQIYI

Also owns

  • Baidu Baike
  • Baidu Knows
  • Baidu Maps
  • Baidu Scholar
  • Baidu Tieba

From Wikidata.1

Employees over time

  • 202431,0001

Former names

  • Baidu.com, Inc.Jul 12, 2005 to Dec 12, 20087

Timeline

  1. Jan 2000Founded Founded1

Recent filings

  1. Oct 13, 2026S-8
  2. Oct 7, 20266-K
  3. Oct 5, 2026144
  4. Oct 1, 20266-K
  5. Sep 30, 20266-K
  6. Sep 29, 20266-K
  7. Sep 28, 20266-K
  8. Sep 25, 20266-K
  9. Sep 24, 20266-K
  10. Sep 23, 20266-K
  11. Sep 22, 20266-K
  12. Sep 21, 20266-K
  13. Sep 18, 20266-K
  14. Sep 17, 20266-K
  15. Sep 17, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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